Press release
Earthing Lightning Protection System Market Outlook 2023 - Furse, Wallis, Erico, Kumwell, LPI, Leeweld, Gersan, Hex, Axis, Super Impex, RR
Earthing Lightning Protection System
Scope of the Report:
This report focuses on the global Earthing Lightning Protection System market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
Earthing Lightning Protection System encompasses external lighting protection, effective earthing and transient overvoltage protection (surge protection of electronic systems), etc. Lightning protection systems are the modern development of the innovation pioneered by Benjamin Franklin: the lightning rod. Today, lightning protection systems are in use on thousands of buildings, homes, factories, towers, and even the Space Shuttle's launch pad. An earthing system or grounding system is circuitry which connects parts of the electric circuit with the ground, thus defining the electric potential of the conductors relative to the Earth's conductive surface. The choice of earthing system can affect the safety and electromagnetic compatibility of the power supply.
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For industry structure analysis, the Earthing Lightning Protection System industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top two producers account for about 50% of the revenue market. Regionally, Europe & UK is the biggest production value area of valves, also the leader in the whole Earthing Lightning Protection System industry.
Far East (East Asia) occupied 24.96% of the production market in 2015. It is followed by Europe & UK and North America, which respectively account for around 21.01% and 19.07% of the global total industry. Geographically, Far East (East Asia) was the largest consumption market in the world, which took about 24.62% of the global consumption volume in 2015.
The worldwide market for Earthing Lightning Protection System is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 3360 million US$ in 2023, from 2350 million US$ in 2017, according to a new research study.
Market Segment by Manufacturers, this report covers:
Furse, Wallis, Erico, Kumwell, LPI, Leeweld, Gersan, Hex, Axis, Super Impex, RR.
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Market Segment by Type, covers:
Lighting Protection System
Earthing System
Other
Market Segment by Applications, can be divided into:
Homes
Factories
Towers
Space Shuttle's Launch Pad
Solar Application
Oil & Gas Application
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Related Report:
United States Earthing Lightning Protection Systems Market Report 2018
In this report, the United States Earthing Lightning Protection System market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-earthing-lightning-protection-system-market-report-2018/?utm_source=RR-PSR
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